4 ms·

Renting out... iPhones?

• mjburgess 1y ago
  https://en.wikipedia.org/wiki/Economic_rent https://en.wikipedia.org/wiki/Economic_rent
  • moralestapia 1y ago
    So ... what's your point? I don't get it. That some company is making money?
    • mjburgess 1y ago
      That tim cook is reaping the rewards of their earlier innovation. The opposite of economic rent is economic value creation.
      • moralestapia 1y ago
        I still don't get your point. "Reaping the rewards of their earlier innovation" is literally his job.
        • mjburgess 1y ago
          The point is that tim cook is less responsible for apple's weath than the innovators before him, he just reaps what others have sowed.
          • moralestapia 1y ago
            Ok ... so I guess they should stop selling the iPhone ... out of some sort of ... rules? ... that you're appealing to? I still don't get your point. Apple is a public company. It's mission is not to impress @mjburgess but to make money for its shareholders, which they do really well.
            • mjburgess 1y ago
              > Cook added 2 trillion (more?) in market cap. Cook didnt add 2 tr, he collected it. If I plant a field of crops, water, grow etc. them and you turn up after my death to sell them -- who made the money? Cook presides over a dying field he continues to reap without sowing.